All About Bitcoin

News about Bitcoin seems to be everywhere. So what is it? The short answer is that Bitcoin with a capital “B” is a peer-to-peer network that allows for the proof and transfer of ownership without the need for a trusted third party. The unit of that network is bitcoin with a little “b”. But agreement on the topic seems to end there; indeed, there is a deep divide between true Bitcoin believers and serious skeptics. We look at the range of wildly diverging views. So where does that leave us? With the conclusion that bitcoin likely can’t work as a currency, but some sense that the ledgerbased technology that underlies it could hold promise.